THESE ARE TEENAGERS WHO WERE SUCCESSFUL TO BE A MILLIONAIRE

Adam Hildreth

At the age 19
Business: Internet marketing and security (Dubit Limited)

At the age of 17, Adam Hildreth started a social networking site and he named it Dubit Limited. Initially, it was exclusively for people living in the United Kingdom and allowed them to play games and share informative articles. It took Adam less than a year to make it the biggest networking site in the country. In 2005, at the age of 20, Adam, along with Peter Maude, founded another technology website named crispthinking.com for monitoring and protecting children. And later, he took his services to fortune 500 companies. Today, Crisp protects 380 million online users worldwide. He was among 20 richest teens in U.K. In 2008, Sunday Times Rich list featured him as the 23rd richest among 100 young richest people in U.K.

Ashley Qualls

At the age 17
Business: Online design (Whateverlife.com)

Back in 2005, at the age of 14, Ashley launched her website called Whateverlife.com which would provide free MySpace layout and tutorials on how to do graphic designs and coding of their favorite template layouts. By the end of 2007, when the popularity of MySpace was all time high, WhateverLife would attract 7 million unique visitors every month. According to some reports, Ashley made close to $2 million from her website.

Catherine and David Cook

At the age 16
Business: Social networking site (myYearbook)

Catherine Cook was just 15 when she and her brother David Cook developed MyYearBook, a social networking site for teenagers. In 2005, they took help from their elder brother Geoff, who invested $250,000 for its maintenance. The website was launched in the same year and soon became the third most popular social networking site in the U.S.A.

Today, MyYearBook has 33 million registered users and is not restricted to teenagers and social networking. It offers plenty of things such as games, live chat, photo and video sharing and more.

Chris Phillips

At the age 17
Business: Website Dot5Hosting

In the year 2002, at the age of 17, Chris Phillips created a website named Dot5Hosting and within two years his earning crossed the million dollar mark. In 2004, he was one of the richest teens in the United Kingdom.
Today, Dot5Hosting offers many services which include web hosting and management, email services, domain registration and E-commerce services.

Sean Belnick

At the age 14
Business: Website BizChair.com

At the age of 14, with the investment of $500, Sean Belnick founded Bizchair.com. He started importing chairs from China and selling them online. His honesty in providing quality products brought him instant success. In 2006, his $500 investment gave him $24 million in revenue. The company opened 327,000-square-foot warehouse in Canton to store products and expanded from offering office chairs to school furniture, home furniture, and medical equipments.

Cameron Johnson

Started at the age 9 and became millionaire before graduating from high school
Business: Website

In 1994, at the age of 9, Johnson started his first business of selling his sister’s Beanie Babies over the Internet out of his home in Virginia. At the age of 12, he successfully made $50,000 and within 3 years, his company started generating $15,000 revenue per day. in 2000, he was the youngest American who was appointed to the board of a Tokyo-based company.

In 2007, he wrote a book titled “You Call the Shots: Succeed Your Way – and Live the Life You Want – with the 19 Essential Secrets of Entrepreneurship” which became an immediate bestseller. Over the years, Cameron has been appearing in several magazines, popular T.V shows and newspapers; his coaching inspires thousands of people.

Fraser Doherty

At the age of 14
Business: Retailers in the UK (SuperJam)

Fraser Doherty, a Scottish Entrepreneur, is the CEO of ‘SuperJam’. He started his business in a quite traditional way in home kitchen using his grandmother’s recipe. With the growing demand, he tweaked with the receipt and gave it a name ‘Superjam’. He successfully took his business to a new height expanding his customer base from his friends and neighbors to approximately 184 Waitrose stores in U.K.

John Magennis

At the age 14
Business: web designer

In the year 1994, 14 year old John Magennis, a self taught programmer, started his career as a web designer and would charge only $15 to create a website for a company. Within short period, with the growing demand he began charging as much as $30,000 for a single website. In less than two years, he started earning half a million dollars annually.

Tyler Dikman

At the age 14
Business: Founder of CoolTronics in Tampa

Back in 2000, at the tender age of 15, Tyler Dikman founded CoolTronics primarily for grannies to teach how to surf internet. Within two years, he started earning $1 million from it and in 2007, Dikman’s earning reached $3.25 million.

Today, CoolTronics has evolved into a technology consultancy providing services such as technology training, security, networking, web development, Windows small business server and many more.
In 2008, at the age 24, Tyler was featured on Business Week among America’s best young entrepreneurs.

Matt Wegryzn

At the early age of 17, Matt Wegryzn started buying and selling domains.
Business: Buying and Selling Domains Names

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PREPARATION FOR TEENAGERS IN BUSINESS ZONE

It is sound great about the teenagers who have a business. Of course, business will be very helpful to increase the money income. However, before we start to make a business, we should notice these steps:

1.    The general knowledge of a business.

This step means that you must set up your business plan well. Try to know what is the business would you like, what is your product, who are the customers and how much the money for your business. Whatever we would like to plan, you should notice at your money business. Don’t plan a business that spends your studying time. For the beginner, choose to plan a small and easy business. There are so many knowledge of business that we can read in the internet, books. The books of successful people are the best choice to learn.

2.    Don’t lose your chance

After we have planned our business, try to use your chance. I have an example, if we want to sell foods in the school, we can ask our friends about their favorite foods. Never think about the profits. Always ask your parents about your business because parents usually give good ideas.

3.    Choose the appropriate place to your business.

Teenagers usually spend their time in the school. Of course their appropriate place for their business is their school. If you have another place except school and you think that your product is interesting the costumers around that area, you may sell there. Example, if you sell teenager clothes, you may sell them to the teenagers in your next home.

4.    Collect many conventional tools and your money business.

Save your money to create a business. Generally, your parents give money to you whenever you want to go to school (except if you don’t have parents). Save our money means we appreciate our parent efforts. Parents are happy if their children can save the money. Moreover, they will be happier if they found their children can help the money income and doing business job. If you force to lend the money from your friends or a bank, you should be responsible to bring it back after you get the money from your business.

5.    Don’t be shy when you are in business zone

Shy is one of the biggest problems for teenagers. Shy in business means when selling a product make the sellers are shy to bring the product and they are worry about the people who looked at them and then mock them. That’s why shy is forbidden in business zone. We must proud of our business that shows our aptitude.

When our business is working…..

1.    Satisfy the costumers.

To make your costumers interesting with your product, give a discount if your product cannot be test, or you may have a tester of your product if your product can be test.

2.    Give your wonderful service

Don’t be angry if your costumer complains about your product. Be patient and think that they are complain for increasing our quality of product. Giving a good service is the most important thing of caring the costumers.

3.    Increase your quality on your product.

Your product must have a good quality. Time doesn’t make you decrease the quality and make you increase the price. Decreasing your quality means that your costumers won’t buy your product.

Now, you can start to plan your business. J